According to MRFR, the global airport lounge market has grown dramatically in recent years. It is estimated to reach USD 45,421.57 million by 2035, growing at a 11.4% CAGR over the projection period 2025-2035.
Lounges are areas where passengers can enter under circumstances. Lounges are commonly found in the hotel, entertainment, and aviation industries, and they are far more comfortable than waiting spaces. Passengers pay for admittance, and flight tickets can include lounge access. Certain credit cards and boarding permits also provide access to the lounges. Passengers that are overbooked are given access to a lounge. If you have to wait for a long time at the airport, lounges offer a better experience than waiting areas. Lounges have their own workers to serve you.
Lounge services can be referred to by numerous titles and concepts. Some lounge spaces might offer 5-star hotel service to its customers. There are free eateries and cafes in the lounges. Computers, televisions, and other electronic devices may be available at the airport. Lounges are constructed with the duration of passengers' visits in mind. As a result, passengers can rest and relax on comfortable couches or seats.
Marketing Segmentation
The Airport Lounge market is divided into Travel Class, Access Type, Application, Airport Type, End User, Provider Type, and Region. The market is divided into four travel classes: first class, business class, economy, and premium economy.
The market is divided into three segments based on access type: membership access, pay-per-use lounges, and airline ticket access. The market is divided into three segments based on application: occasional travellers, regular travellers, and frequent travellers.
The market is divided into two categories: domestic and international airports. The market is divided into two segments based on the end user: business travelers and leisure travelers. Lastly The market is divided into two segments based on provider type: airlines and third-party companies.
Regional Analysis
The Regional segment of the Airport Lounge Market has high market valuations and significant growth potential in a variety of places. North America will occupy most of the market in 2023, accounting for 1.8 USD billion, demonstrating its strong demand for premium travel experiences. Europe is predicted to have the highest volume of international travel and luxury services. The APAC area, worth 1.2 billion USD, is gaining pace as economic expansion fuels more air travel and lounge participation.
Major Players
The primary market players are Star Alliance, British Airways, Marhaba, United Airlines, American Express Lounge Collection, Plaza Premium Group, Air France, Singapore Airlines, SkyTeam, No1 Lounges, LoungeKey, Priority Pass, Aspire Lounge, and Delta Air Lines.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook